Sandy Spring Bank Decreases Holdings in Home Depot Inc (HD)

Sandy Spring Bank cut its holdings in shares of Home Depot Inc (NYSE:HD) by 0.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 68,278 shares of the home improvement retailer’s stock after selling 389 shares during the quarter. Home Depot accounts for about 1.1% of Sandy Spring Bank’s investment portfolio, making the stock its 14th largest holding. Sandy Spring Bank’s holdings in Home Depot were worth $11,168,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Jacobi Capital Management LLC raised its stake in shares of Home Depot by 16.4% during the 2nd quarter. Jacobi Capital Management LLC now owns 717 shares of the home improvement retailer’s stock worth $108,000 after purchasing an additional 101 shares in the last quarter. Patriot Financial Group Insurance Agency LLC raised its stake in shares of Home Depot by 63.4% during the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 876 shares of the home improvement retailer’s stock worth $145,000 after purchasing an additional 340 shares in the last quarter. Glassman Wealth Services raised its stake in shares of Home Depot by 38.3% during the 2nd quarter. Glassman Wealth Services now owns 1,084 shares of the home improvement retailer’s stock worth $166,000 after purchasing an additional 300 shares in the last quarter. St. Johns Investment Management Company LLC raised its stake in shares of Home Depot by 81.8% during the 2nd quarter. St. Johns Investment Management Company LLC now owns 1,100 shares of the home improvement retailer’s stock worth $169,000 after purchasing an additional 495 shares in the last quarter. Finally, Mascoma Wealth Management LLC raised its stake in shares of Home Depot by 0.6% during the 2nd quarter. Mascoma Wealth Management LLC now owns 1,143 shares of the home improvement retailer’s stock worth $175,000 after purchasing an additional 7 shares in the last quarter. Hedge funds and other institutional investors own 70.18% of the company’s stock.

Home Depot Inc (HD) opened at $201.33 on Friday. The company has a quick ratio of 0.39, a current ratio of 1.23 and a debt-to-equity ratio of 9.54. The company has a market capitalization of $235,100.00, a P/E ratio of 27.92, a price-to-earnings-growth ratio of 1.84 and a beta of 1.11. Home Depot Inc has a 1 year low of $134.60 and a 1 year high of $201.33.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, November 14th. The home improvement retailer reported $1.84 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.81 by $0.03. The company had revenue of $25.03 billion for the quarter, compared to the consensus estimate of $24.53 billion. Home Depot had a return on equity of 238.88% and a net margin of 8.66%. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.60 EPS. equities analysts anticipate that Home Depot Inc will post 7.39 earnings per share for the current year.

Home Depot declared that its Board of Directors has approved a stock buyback program on Wednesday, December 6th that allows the company to repurchase $15.00 billion in outstanding shares. This repurchase authorization allows the home improvement retailer to repurchase shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.

A number of equities research analysts have recently weighed in on HD shares. Zacks Investment Research downgraded Home Depot from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $164.00 price target on shares of Home Depot in a research note on Sunday, October 1st. Gordon Haskett started coverage on Home Depot in a research note on Tuesday, October 3rd. They set a “buy” rating and a $189.00 price target for the company. Credit Suisse Group set a $171.00 price target on Home Depot and gave the stock a “buy” rating in a research note on Friday, October 13th. Finally, Robert W. Baird set a $175.00 price target on Home Depot and gave the stock a “buy” rating in a research note on Friday, October 13th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. Home Depot has an average rating of “Buy” and a consensus target price of $184.39.

In other Home Depot news, EVP Matt Carey sold 41,396 shares of Home Depot stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $183.03, for a total value of $7,576,709.88. Following the transaction, the executive vice president now directly owns 29,559 shares of the company’s stock, valued at approximately $5,410,183.77. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.26% of the company’s stock.

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Home Depot Profile

The Home Depot, Inc (The Home Depot) is a home improvement retailer. The Company sells an assortment of building materials, home improvement products, and lawn and garden products, and provides various services. The Home Depot stores serves three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.

Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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